Page 6 - Key Talking Points News Today

Bitcoin, Ether Jump Higher Despite Second Crypto Exchange Collapse in Turkey Key Talking Points: Cryptocurrencies build on yesterday’s gains Vebitcoin ceases operations after facing financial strain, the second crypto exchange to collapse in Turkey in a week Ethereum on the verge of consolidating a head-and-shoulders pattern Advertisement Bitcoin is pushing higher this morning building on yesterday’s surge of over 10%, giving buyers some breathing room after falling more than 25% in 10 days...

Bitcoin, Ethereum Collapse on Biden Tax Plan Key Talking Points: Bitcoin intensifies losses, falls below $50,000 A proposed hike in capital gains tax by President Biden seems to be making investors jitterish about digital coins, causing Bitcoin to fall below the $50,000 mark for the first time since March, whilst other cryptos like EOS, Stellar and, Bitcoin cash are dropping over 13% this morning. The rationale behind this move is likely to do with investors wanting to unload those assets with ...

Silver Price Forecast: XAG/USD Breakout Stalls at Key Resistance Key Talking Points: XAG/USD rejected at key resistance Silver prices are battling a key resistance after rising more than 2.5% in yesterday’s session. This was following the move in gold prices as the resurgence of Covid-19 cases in some parts of the world is dampening prospects of economic recovery, boosting demand for safe-haven assets. That said, there is still a broad demand for risk sentiment so the bullish push in silver m...

FTSE 100 Tumbles Below 7,000 on Virus Concerns and Tobacco Review Key Talking Points: FTSE 100 hangs on to the longer-term bullish trend as key support halts losses The FTSE 100 fell sharply on Tuesday, dropping below the 7,000 only two days after managing to push above it for the first time in 14 months. The UK index was hard hit by a sharp fall in tobacco shares as news broke out that Biden is looking at introducing new regulations in the US regarding the level of nicotine in cigarettes. Impe...

Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed Key Talking Points: #Dogeday takes center-stage as investors aim to get Dogecoin to $1 The listing of Coinbase on the Nasdaq last week was a pivotal moment for cryptocurrencies. This has placed the largest crypto exchange on the same level as many plain vanilla exchanges around the world. It’s a powerful message that new digital coins are being accepted into mainstream finance. But has that taken away their exotic appeal? The...

EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs Key Talking Points: EUR/USD picks up pace on the back of USD weakness US and European stocks continue to push to record highs boosted by stronger than expected inflation and retail sales in the US, suggesting that the economy is growing strongly. The DAX 30 was able to break away from its constrained range and is now above the 127% Fibonacci extension (15,424) which I had mentioned previously as the next likely ...

USD/JPY At Risk of Falling Below 108.00 as US Dollar Continues to Slide Key Talking Points: USD selling pressure intensifies as bond yields retrace A strong earnings season and falling yields are causing the US Dollar to slide even further, with the Dollar Basket about to slip below the 91 mark for the first time since March 3rd. The safe haven’s performance in the short-term is likely to continue underpinned by the behavior in yields, and with market participant’s now trusting the Fed’s ...

British Pound (GBP) Forecast: Headwinds Persist - EUR/GBP Poised to Continue Bullish Trend Key Talking Points: The Pound faces short-term risks which are putting pressure on an overly optimistic start of the year EUR/GBP buyers consolidate further upside momentum With supply issues causing the UK vaccination campaign to fall off track some of the Pound’s appeal has worn off. But the loss of its vaccine-related advantage is not the only cause for concern for the British currency as it faces ot...

Key Levels to Watch: EUR/USD Gears Up for 1.20, DAX 30 Unable to Break Tight Range Key Talking Points: EUR/USD targets 1.20 as positive sentiment flows into the common currency amid Dollar weakness The DAX 30 had a shaky finish to yesterday’s session as the listing of Coinbase on the Nasdaq saw some robust selling pressure as trading got underway. Equities have been on a strong uptrend since the beginning of March when economic data was showing strong improvements and bond yields were calming...

Dogecoin Explodes and Leads the CryptoMania Ahead of Coinbase DPO, Bitcoin Cash Surges Key Talking Points: Expect the crypto market to be highly volatile during today’s session The crypto market is booming this morning ahead of the Coinbase direct listing on the Nasdaq, with Dogecoin (DOGEUSD) leading the gains, surging over 80% to almost 14 cents per coin just before the London market open. The “memecoin” was originally started as a joke to mock the craziness of the cryptocurrency market...